442 West 93rd Street
$3,100,000
28
18
11,386
11,386
$272
Description
This property is available for purchase independently or as part of a 4 property, 118 unit portfolio. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas...This property is available for purchase independently or as part of a 4 property, 118 unit portfolio. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.
- Listed by Enrique Viramontes • DRE #01372010 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 442 West 93rd Street
Zoning
LARD2
Parcel Number6039005001
Total Units17.0
Living Area11386
Source Living AreaVendor Enhanced
AreaMetropolitan Southwest (C36)
Vacancy Rate1%
Lot Size Area18730
LISTING UPDATED: 08/30/2024 12:01 AM
Property Details for 442 West 93rd Street
Status | Active |
---|---|
MLS # | 24-431023 |
Days on Market | 90 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.43 AC / 18,730 SF |
County | Los Angeles County |
Building Information for 442 West 93rd Street
Stories2Residences-Year Built1939Building Size-Lot Size0.43 AC / 18,730 SF
Property Information for 442 West 93rd Street
Property History for 442 West 93rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 442 West 93rd Street
Taxable ValueLand$418,168Additions$615,716Total$1,033,884
Tax Record2024$14,841 ($1,237 / month)
Home Facts
Total Finished SqFt11,386 SqFtAbove Grade Finished SqFt11,386 SqFtLot Size18,730 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningLARD2CountyLOS ANGELESAPN6039-005-001
Schools near 442 West 93rd Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Charles W. Barrett Elementary School PublicK to 5 | ||
Bret Harte Preparatory Middle School Public6 to 8 | ||
Alain Leroy Locke College Prep Academy Charter9 to 12 | ||
Watts Learning Center CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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